https://www.taxtmi.com/caselaws?id=49383 The court affirmed the High Court's decision that dividends should be grossed up under Section 16(2) of the Indian Income-tax Act, 1922, without considering any rebate allowed under the Concession Order. It was held that the rate applicable should exclude any rebate granted to the company. The court dismissed the appeals, confirming that the interpretation of "rebate" in Section 16(2) includes any rebate under the Concession Order. The decision was in favor of the assessee, with costs awarded against the appellants. en-us Fri, 08 May 1964 00:00:00 +0530 Fri, 22 Aug 2014 12:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49383 The court affirmed the High Court's decision that dividends should be grossed up under Section 16(2) of the Indian Income-tax Act, 1922, without considering any rebate allowed under the Concession Order. It was held that the rate applicable should exclude any rebate granted to the company. The court dismissed the appeals, confirming that the interpretation of "rebate" in Section 16(2) includes any rebate under the Concession Order. The decision was in favor of the assessee, with costs awarded against the appellants. Case-Laws Income Tax Fri, 08 May 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49383